From Yahoo Finance: 2025-04-17 17:36:00

Costco Wholesale (NASDAQ: COST) announced a dividend increase, boosting its stock by nearly 3%. The upcoming quarterly distribution will be $1.30 per share, a 12% increase from before. This move marks over 20 years of annual hikes, showcasing Costco’s commitment to shareholder value.

While Costco isn’t typically seen as an income stock, its strong fundamentals and popularity among shoppers are undeniable. The recent dividend raise is part of management’s strategy to enhance shareholder value. Investors can expect more double-digit hikes in the future, adding to the appeal of owning Costco stock.

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Read more: Why Costco Stock Crushed the Market Today